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Transrail Lighting's IPO, valued at Rs 839 crore, was fully subscribed by Day 2, with a listing set for December 27. Meanwhile, the stock market faced significant losses, with the SENSEX plunging over 900 points, driven by declines in IT stocks and profit booking in Mobikwik shares after a recent rally. Other IPOs, including Mamata Machinery and Concord Enviro Systems, showed strong subscription rates, reflecting robust investor interest.
National Aluminium Co (NACL) reported strong Q2FY25 performance, with alumina and metal volumes increasing 24% and 2% YoY, respectively. The average NSR for alumina rose 43% YoY to USD530/t, while metal prices improved 12% YoY to USD2,692/t, leading to significant EBITDA growth. Despite current pricing strength, a 'Reduce' rating is assigned due to anticipated supply restoration and slow capex progress, with a target price raised to Rs201.
National Aluminium Company Limited
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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02:40 20.12.2024
National Aluminium Co receives reduce rating with target price of Rs 201
07:51 15.11.2024
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